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CIT Serves as Coordinating Lead Arranger for Approximately $200 Million Illinois Solar Financing

CIT Serves as Coordinating Lead Arranger for Approximately $200 Million Illinois Solar Financing
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NEW YORK, May 27, 2021 /PRNewswire/ CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as coordinating lead arranger for approximately $200 million in financing for the 149-megawatt Big River solar power project in White County, Illinois.
The project sponsor is D. E. Shaw Renewable Investments (DESRI), a leading provider of cost-effective renewable energy across North America. DESRI is part of the D. E. Shaw Group, a global investment and technology development firm with more than $55 billion in investment capital. ....

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"Failure Didn't Lead To Death": China's Richest Man In Solar Talks About Falling Costs, Global Growth

03:54pm EDT|
âFailure Didnât Lead To Deathâ: Chinaâs Richest Man In Solar Talks About Falling Costs, Global Growth
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Forbes China
Chinaâs power industry has underpinned the countryâs rising economic heft over the years. When it comes to power generation, itâs big state-owned companies such as China Huadian and China State Power Investment that lead the way.
But when it comes to manufacturing solar equipment such as solar cells and panels, itâs more nimble private sector suppliers out front with more than half of the global market. Few have done as well as LONGi Green Energy Technology, the countryâs No. 1 maker of solar modules, with sales of $8 billion in 2020 and a worldwide customer list that includes Tesla, D.E. Shaw, Engie, Enel and Adani. LONGi, which today employs more than 60,000 people globally, has over the years delivered solar capacity (now installed) that is three times that of China� ....

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PV - D. E. Shaw Completes Financing of 79-MW Assembly Solar III Project - Renewable Energy Magazine, at the heart of clean energy journalism

Tuesday, 20 April 2021
D. E. Shaw Renewable Investments (DESRI), a leading provider of cost-effective renewable energy across North America, has achieved financial closing of Assembly Solar III, a 79-megawatt solar project in Lennon, Michigan. DESRI is moving forward with construction after securing both construction debt and tax equity financing for the project.
Courtesy of NREL
The Assembly Solar III project is the third phase of the Assembly Solar project in Michigan to begin construction. The projects were developed by Ranger Power, a utility-scale solar developer headquartered in Chicago, in partnership with DESRI, and are being constructed by McCarthy Building Companies, Inc. Assembly I began operating in December 2020 and Assembly II is slated to reach commercial operation in the third quarter of 2021. ....

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D. E. Shaw Renewable Investments' 180 Megawatt Cove Mountain Solar Projects Achieve Commercial Operation in Utah

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NEW YORK, April 14, 2021 /PRNewswire/ D. E. Shaw Renewable Investments (DESRI), a leading provider of cost-effective renewable energy across North America, announced that the 180 MWac Cove Mountain solar projects in Iron County, Utah have begun commercial operation.
The DESRI team is thrilled to begin commercial operations at our Cove Mountain facilities, which were completed through our strong partnerships with PacifiCorp, Facebook, and First Solar, said David Zwillinger, CEO of DESRI. These are the first of DESRI s renewable energy projects in Utah to reach commercial operation, representing an important milestone in our mission to expand the production of clean, cost-effective energy in Utah. ....

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D. E. Shaw Renewable Investments' 180 Megawatt Cove Mountain Solar Projects Achieve Commercial Operation in Utah

D. E. Shaw Renewable Investments' 180 Megawatt Cove Mountain Solar Projects Achieve Commercial Operation in Utah
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